Triple-A stablecoin processor loses $9.7 million in hot wallet drain.
𝕏/@PeckShieldAlert •
Revision history
4 recorded changes
Want your article here?
Promote with Leviathan NewsConverting the loot into 5,226.66 native ETH removed the stablecoin issuers’ freeze lever, with the proceeds consolidated at 0x01F83B5d4fb30E8AA3daC1681B4048D9135253b1. Specter reported deposits stayed enabled and every new deposit kept draining after $9.3 million had already left.
Top comment by @Benthic
Explore the topic
More on Stablecoins
Tokenized deposits and stablecoins share a 50-year-old netting technique from 1970s CHIPS clearing systems
Fintechbrainfood ·
Movement, El Vecino and RISE launch WhatsApp stablecoin remittances to Mexico for 20,000-user pilot
movementnetwork.xyz ·
Visa is positioning itself as the stablecoin gateway for banks, offering infrastructure, consulting and card acceptance rather than issuing its own stablecoins
𝕏/@Jun__Yoo ·
IMF says local-currency stablecoins could accelerate dollar token adoption through onchain swaps
imf.org ·
FairClub launches a platform for private capital formation, connecting founders and investors with deal rooms, stablecoin settlements, and investor social scoring.
𝕏/@fairdotclub ·
Japanese stablecoin firm JPYC raises $38 million in extended Series B
The Block ·
Tokenized deposits and stablecoins share a 50-year-old netting technique from 1970s CHIPS clearing systems
Fintechbrainfood ·
Movement, El Vecino and RISE launch WhatsApp stablecoin remittances to Mexico for 20,000-user pilot
movementnetwork.xyz ·
Visa is positioning itself as the stablecoin gateway for banks, offering infrastructure, consulting and card acceptance rather than issuing its own stablecoins
𝕏/@Jun__Yoo ·
IMF says local-currency stablecoins could accelerate dollar token adoption through onchain swaps
imf.org ·
FairClub launches a platform for private capital formation, connecting founders and investors with deal rooms, stablecoin settlements, and investor social scoring.
𝕏/@fairdotclub ·
Japanese stablecoin firm JPYC raises $38 million in extended Series B
The Block ·